Metro Pacific Investments Corporation (MPIC) is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines. In May 2016, GT Capital Holdings Inc. acquired 15.6 percent of MPIC, which will, in turn, buy control over GT Capital’s Global Business Power Corporation in a deal worth PHP 29.89 billion. GT Capital acquired 3.6 billion new common shares in MPIC at PHP 6.10 per share amounting to a stake of 11.4 percent on an expanded capital base for a total cash consideration of PHP 21.96 billion. It also acquired a further 1.3 billion common shares in MPIC from Metro Pacific Holdings, Inc. (MPHI), a Philippine affiliate of First Pacific Company, at the same price, for a total of PHP 7.93 billion in cash. These transactions result in GT Capital holding an overall stake of 15.6 percent of the common share capital of MPIC in a new business alliance between the two business groups. Subsidiaries Utilities Manila Electric Company (Meralco) - holds 10.5% direct stake Radius Telecoms, Inc. - 100% owned Global Business Power (GBP) Metpower Venture Partners Maynilad Water Holding Company Inc. - owns 83.96% controlling stake of Maynilad Water Services Metropac Water Investments Corporation Manila Water Consortium Inc. Cebu Manila Water Development Inc. Tuan Loc Water Resources Investment Joint Stock Company (Vietnam) - 49% Power and transport Metro Pacific Tollways Corporation NLEX Corporation - holds the concession rights to construct, operate and maintain the North Luzon Expressway (NLEX) and the Subic–Clark–Tarlac Expressway (SCTEX). Ho Chi Minh City Infrastructure Investment Joint Stock Company (Vietnam) Don Muang Tollway Public Company Ltd. (Thailand) Cavitex Infrastructure Corporation (CIC) - holds the concession rights for the operation and maintenance of the Manila–Cavite Expressway (CAVITEX). Beacon Electric Asset Holdings Inc. - holds 35% stake in Meralco Light Rail Manila Corporation - a joint venture railway company with Ayala Corporation that operates the Manila Line 1 under a 32-year concession agreement with the Light Rail Transit Authority Logistics Metropac Movers, Inc. (MMI) - is the logistics arm and a subsidiary of infrastructure conglomerate, Metro Pacific Investments Corporation. Healthcare Metro Pacific Hospital Holdings, Inc. (MPHHI) - holds 43.1% stake and management control Luzon Our Lady of Lourdes Hospital, Manila (20-year lease through EMHMC) Asian Hospital